Real estate loan originations continued strong growth in the last three months of 2016 as homeowners continued to refinance despite — or perhaps because of — rising mortgage rates, according to an ATTOM Data Solutions’ report released Thursday....
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Online Fraud Spikes, Study Finds
America’s migration to EMV has crippled some types of card fraud, but the risk of online fraud is on the rise — especially during the holidays — according to new data from the Merchant Risk Council and fraud-technology company Forter. The indexed...
DOL Proposes 60-Day Fiduciary Rule Delay
The Department of Labor on Wednesday released a proposed rule to extend for 60 days the applicability date of its fiduciary rule under the Employee Retirement Income Security Act. The proposal, which includes a 15-day comment period, would extend the rule’s...
Republicans Optimistic About Dodd-Frank Overhaul Despite Political Divisions: GAC
WASHINGTON – Republican members of Congress said Wednesday they are optimistic that legislation to overhaul Dodd-Frank will be enacted, even though President Trump ignored the issue in his speech Tuesday night. “House Republicans are listening and help is...
Billion Dollar California Credit Unions Merge
A rare merger of two billion dollar credit unions in California became effective today. The $1.6 billion California Credit Union in Glendale and the $1.2 billion North Island Financial Credit Union in San Diego announced Tuesday that their consolidation has received...
Fiserv Survey: Millennials Access Mobile Banking More Frequently
Millennials access mobile banking almost three times more than other generations but only 32% feel satisfied with their financial health, compared with 36% of other consumers, according to a Fiserv survey. The Brookfield. Wis.-based financial services company in its...